OSL Digital Securities and Interactive Brokers Sign Agreement, OSL Will Provide Exclusive Virtual Asset Services to Interactive Brokers in Hong Kong

HONG KONG, June 9, 2022 /PRNewswire/ — OSL Digital Securities, the world’s leading Securities and Futures Commission (SFC) Type 1 and Type 7 digital asset brokerage and trading platform for professional investors, and a subsidiary of BC Technology Group ( stock code: 863 HK), and Interactive Brokers (Nasdaq: IBKR), a global automated electronic broker, today announced the appointment of OSL Digital Securities to provide proprietary virtual asset trading services to Interactive Brokers in hong kong.

An important step in the evolution of hong kong digital asset markets, the agreement represents the first collaboration between one of the largest SFC-regulated online brokers to service hong kong professional investors and an SFC-licensed institutional digital asset broker and exchange. Upon Going Live, Interactive Brokers Will Offer Virtual Asset Trading Services Directly To Professional Investor Clients hong kongpowered by OSL.

The Hong Kong Monetary Authority (HKMA) and the SFC have issued a joint circular on January 28, 2022which for the first time enabled registered institutions and licensed companies to provide digital asset investment services by partnering only with SFC-licensed virtual asset trading platforms.

“OSL is a global leader in the trading and custody of regulatory-compliant digital assets and we are delighted to be working with Interactive Brokers,” said OSL CEO. Wayne Trench. “hong kong has one of the highest concentrations of institutional and professional investors in the world, as well as a clear regulatory regime around digital assets, making it the perfect place for this landmark deal as digital assets continue to be integrated into the global financial services ecosystem. »

“Investors around the world are rallying to digital asset markets, and the collaboration with OSL comes at a key time in the development of the regulated digital asset ecosystem in hong kong,” said David Friedland, Head of APAC at Interactive Brokers. “As investors look for reliable counterparties to transact with, we are delighted to work with a company like OSL, which has the industry expertise to help us meet the growing needs of our clientele in this region.”

Together with the OSL-Interactive Brokers initiative, the joint HKMA-SFC circular is proving to be an essential tool that creates a more competitive and robust digital asset market in hong kongand is likely to accelerate the development and acceptance of regulated digital assets in Asia and globally.

About OSL and BC Technology Group

BC Technology Group (stock code: HK 863) is from Asia leading public fintech and digital asset company. It is the parent company of OSL, the region’s most comprehensive licensed digital asset platform.

OSL is the world’s first and only SFC-licensed and insured digital asset platform, providing brokerage, custody, exchange and software-as-a-service (SaaS) services for institutional clients and professional investors. .

The company offers OTC, iRFQ and electronic trading services giving traders access to the world’s deepest pools of liquidity, as well as secure and insured wallets to ensure custody of digital assets with timely settlement of trades. .

BC Group and the OSL platform enable institutional adoption of the digital asset class, setting standards for performance, security and compliance.

For more information: bc group and osl.com.

[email protected]

About Interactive Brokers Hong Kong Limited

Interactive Brokers Hong Kong Limited and its affiliates provide automated trade execution and custody of securities, commodities and currencies around the clock in over 150 markets in many countries and currencies, from one platform unified platform for customers around the world. We serve retail investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a single, sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution pricing and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to obtain higher returns on investments. For the fifth consecutive year, Barron’s has ranked Interactive Brokers #1 with 5 out of 5 stars in its March 25, 2022Review of the best online brokers.

SOURCE OSL Digital Titles


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